Netflix passes 50 million member milestone in 2nd quarter

Shares jump as streaming service announces $71 million in profit

“Netflix announced it has more than 50 million members in 40 countries worldwide as it released its second-quarter earnings today.

And it’s going after more, announcing it will launch in September in Germany, France, Austria, Switzerland, Belgium and Luxembourg.

Netflix reported a profit of $71 million US, or $1.15 a share in its second quarter. That’s up from $29.5 million, or 49 cents a share, a year earlier. Revenue increased to $1.34 billion from $1.07 billion.”

Netflix Revenue Passes HBO’s Subscriber Revenue For The First Time Ever

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About The Author

Stephen Abram is a librarian and principal with Lighthouse Consulting Inc., and executive director of the Federation of Ontario Public Libraries. He blogs on library strategies for direction, marketing, technology and user alignment.